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O'Melveny Represents Essence International in Highpower's Going-Private Transaction

November 11, 2019

FOR IMMEDIATE RELEASE

O'Melveny recently represented Essence International Financial Holdings Limited (“Essence International”) in its participation in a consortium to acquire Highpower International, Inc., a China-based Nasdaq-listed company, for a company valuation of approximately US$75 million, through a triangular merger. The closing of the merger took place on October 31, 2019.

Highpower manufactures and sells Lithium-ion and Ni-MH rechargeable batteries. Its businesses also include the design and production of advanced battery packs and systems. Essence International is the Hong Kong-based wholly-owned subsidiary of Essence Securities, a leading PRC securities firm based in Shenzhen.

The O'Melveny team was led by partners Ke Zhu and Ke Geng and senior legal consultant Aaron Xin (with support from legal consultant Shanon Shen). Partners Nima Amini and William Pao also provided advice on potential litigation issues.

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Contact:

Christopher Rieck
O’Melveny & Myers LLP
+1 212 326 2218
crieck@omm.com

Chris Schob
O’Melveny & Myers LLP
+86 21 2307 7000
cschob@omm.com